Netflix CFO David Wells to step down

www.cnbc.com ^ | 8/13/2018 | STEVE KOVACH

[bitt]

Netflix's CFO David Wells will step down. Wells will stay on the job until he finds a successor, the company says. Wells has been CFO since 2010.

Netflix CFO David Wells to step down Netflix CFO David Wells to step down 5 Hours Ago | 02:07 Netflix Chief Financial Officer David Wells is stepping down.

Wells, who has been CFO since 2010, will stay on the job until he can help choose a successor, the company announced Monday.

Netflix's stock was down slightly in early trading.

Wells said he intends to focus on philanthropy.

Here's the full announcement from Netflix:

[bitt]

(MAYBE it's sinking in that the buying public doesn't like the decisions he's made, ie: the OBAMA show, etc..)

[rktman]

Phil N Trophy huh? Don't they mean pumping 💸💸💸 into progressive causes? Where the hell is the conservative gazillionaire anyway?

[Steely Tom]

Maybe the board and his shareholders weren’t down with the $50 mil “just for being you” award for the clean articulate messiah.

[Buckeye McFrog]

Big Lefty.

[Army Air Corps]

Wells will stay on the job until he finds a successor, the company says.

In other words, he is not going anywhere anytime soon.

[butlerweave]

Is Obama , A Moving On Up ?

[DarthVader]

The stench of OBotulism has poisoned the brand name.

[The_Republic_Of_Maine]

to little to late.

[rlmorel]

Heh, I like the way you did that...:)

[bigbob]

Add ‘im to the list:

https://docs.google.com/spreadsheets/d/1B-95giwldeKgsd0nYiw_sEaSf4kGNLZgEIvEhL2mVAw/edit#gid=1299582458

[Jeff Chandler]

In keeping with the spirit of the shows he helped create, Wells said, “F*** those f****** dumb f***s. F*** f*** f*** f*** f***.”

[Fightin Whitey]

Wells said he intends to focus on philanthropy.

Philanthropy or philandery?

Possibly the latter (#metoo-on&on&on&on) has renewed his interest in the former?

Beats bunking with Weinstein Davy-boy...

[MayflowerMadam]

Signing on the Obama Freak Show and Susan Rice... yeah; those are great decisions.

[murron]

I really don’t like the Netflix made movies unless they’re documentaries. Just watched one of their made for Netflix movies the other night, and the use of the F word was over the top. Also stopped watching House of Cards when Kevin Spacey and his wife started having a 3 way with a secret service agent. Have never watched Orange is the New Black. Wish they would clean up their shows.

[murron]

I really don’t like the Netflix made movies unless they’re documentaries. Just watched one of their made for Netflix movies the other night, and the use of the F word was over the top. Also stopped watching House of Cards when Kevin Spacey and his wife started having a 3 way with a secret service agent. Have never watched Orange is the New Black. Wish they would clean up their shows.

[cuban leaf]

We have amazon Prime and really like it, but a lot of movies are pay titles.

Last month our grandkids came over and logged into Netflix. He used his dads account to watch a movie with me. I was very interested in netflix because I remember it from the days where you ordered CD’s in the mail to rent. So I started searching for great titles I’d really like to see. Nine out of ten didn’t exist on NetFlix. I was very disappointed and kinda surprised people pay for that service.

[discostu]

CFOs don’t make programming decisions.

[Pilated]

Now that the Obutta family is involved I use it less....

[Snickering Hound]

http://www.foxnews.com/politics/2018/05/30/obamas-netflix-deal-inked-with-help-from-bundler-buddy.html

Netflix Chief Content Officer is Ted Sarandos, a big Obama bundler.

[murron]

I just made a comment about a made for Netflix movie with a lot of F words, too many.